Bitcoin News
By Sakamoto Nashi
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Big Holdings, Bigger Losses. The Bitcoin buying spree hasn't been cheap. Metaplanet reported a $619 million net loss for fiscal…
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Layer 2 Play Targets Bitcoin's Old Problems. Meanwhile, a new project called Bitcoin Hyper is trying to fix some of Bitcoin's oldest headaches.
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Metaplanet just closed another bond sale. Fifty million dollars. Zero interest.
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The Japanese firm announced its 20th bond issuance on Friday, pushing its Bitcoin stash to 40,177 BTC—worth around $3.11 billion at current prices near $77,800.
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EVO Fund, a Cayman Islands outfit, took the whole $50 million tranche. The bond structure is pretty unusual. No interest. No collateral. No guarantee.
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The Bitcoin buying spree hasn't been cheap. Metaplanet reported a $619 million net loss for fiscal 2025, mostly from unrealized Bitcoin markdowns.
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But the company seems fine with the volatility. The bond issuance shows they're committed to the strategy even after a brutal fiscal year.
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Metaplanet's moves mirror what other corporate buyers have done. BlackRock and a few others built big positions during past cycles, and their buying helped drive demand…
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Meanwhile, a new project called Bitcoin Hyper is trying to fix some of Bitcoin's oldest headaches. Slow transactions. High fees. Limited smart contract functionality.
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Read also: Little Pepe Presale Smashes Past $28 Million as Final Phase Looms
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The idea is to layer Solana's tech on top of Bitcoin's base chain, combining Bitcoin's security with Solana's speed.
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Bitcoin's technical indicators are cautiously optimistic. The recovery from recent lows suggests buyers are stepping in at lower levels, and institutional interest seems to be…
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Bitcoin Hyper's emergence adds another layer to the Bitcoin story. The project addresses real problems—Bitcoin's base layer is slow and expensive compared to newer chains.
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Metaplanet's zero-interest bonds are a bet on Bitcoin's long-term value. The firm is willing to take on dilution and accounting losses in exchange for more exposure.
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The broader Bitcoin market is at an inflection point. Institutional interest is back, corporate buyers are accumulating, and new infrastructure projects like Bitcoin Hyper are…
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